(Reuters) – Charlotte Russe Holding Inc’s (CHIC.O: Quote, Profile, Research, Stock Buzz) shareholder KarpReilly Capital Partners LP offered to buy the women’s-apparel retailer in a deal valued as much as $198.6 million, sending its shares up 25 percent. The private investment firm, which made its proposal along with H.I.G. Capital LLC, said the offer price […]
The only area less active than lending and deal-doing these days is exits, so I've decided to liveblog the panel focused on that topic. The Panel: Middle Market's Momentum and the Future of Exit Alternatives Panelists: Thomas R. Callahan, MD Lincolnshire Management, J. Hamilton Crawford of Houlihan Lokey, David Turner, Head of PE at Gaurdian, Jonathan Peskoff, MD at FBR, Jay Rothman, Partner, Foley & Lardner 10:55 Lincolnshire has sold 8 portfolio companies in the last 24 months. Callahan says seller pricing hasn't come down. I'd say over the course of this conference, only one person for every ten I talk to says seller pricing actually has come down. (UPDATE: See below for that one person) 10:56 The moderator tells us this panel is supposed to be the positive one. Let's see if that actually happens.
Platinum Equity has completed its acquisition of SCM Metal Products Inc. from Gibraltar Industries Inc. (Nasdaq: ROCK), for an undisclosed amount. SCM makes and distributes copper-based powder and pastes and copper oxide powders.
Canal Partners has acquired a majority stake in Limos.com, a Beaverton, Ore.-based online provider of qualified leads for ground transportation providers. No financial terms were disclosed, although Canal’s website says its typical investments are between $1 million and $5 million for companies worth between $5 million and $30 million. PRESS RELEASE Canal Partners, a Scottsdale, […]
AEterna Zentaris Inc. (Nasdaq: AEZS) has agreed to sell Cowen Healthcare Royalty Partners its rights to royalties on future sales of Cetrotide, covered by AEterna's license agreement with Merck Serono. The agreement with Cowen is valued at $52.5 million, plus another $2.5 million in possible earnouts. Cetrotide is a treatment for in virto fertilization.
Palamon Capital Partners has acquired a "significant" stake in DS Produkte, a German provider of multi-channel consumer goods supplier. No financial terms were disclosed.
GTCR has committed up to $250 million to form a new medical device acquisition platform called Devicor Medical Products LLC. The Pleasant Prairie, Wis.-based company will be run by Thomas Daulton, a former senior executive with Cardinal Health.
NEW YORK, Nov 11 (Reuters) – Global mergers and acquisitions volume will be roughly $2 trillion to $2.5 trillion in 2009, mirroring levels seen in 2004 and 2005, Paul Parker, Barclays Capital’s head of global mergers and acquisitions, said on Tuesday. “The 2004-2005 levels — those are the right trend lines. Those were strong markets. […]
Summit Partners and Bridgescale Partners have acquired a majority stake in VIPGift LLC, a Chattanooga, Tenn.–based provider of corporate and consumer incentive programs and prepaid card solutions. No financial terms were disclosed.
Laredo Petroleum, a Tulsa-based oil and gas company, has secured its second $300 million equity line from Warburg Pincus.

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